Star Health and Allied Insurance Company on Wednesday announced that it has fixed a price band of Rs 870-900 a share for its Rs 7,249-crore initial public offering, which will open on November 30. The three-day Star Health IPO or initial public offering will conclude on December 2. The bidding for anchor investors will open [...]
The government is considering a proposal to provide more tax-related concessions on vehicles that are purchased after scrapping old vehicles under the recently launched National Automobile Scrappage Policy, Union Minister Nitin Gadkari said on Tuesday. The vehicle scrappage policy will come into effect from April 1, 2022. Under this policy, people who give their old [...]
The Tea Association of India (TAI) has expressed concern over the decline in prices and drop in production and cautioned that the Tea industry could be heading towards a crisis. Secretary-General of Tea Association of India, P K Bhattacharya, said there has been a “substantial drop” in tea prices during November in the main tea-growing [...]
Speaking on the occasion of World Investor Week 2021 at the Multi Commodity Exchange of India (MCX), Sebi Executive Director G P Garg said there is an urgent need to increase awareness about the commodity derivatives market among investors as the level of financial inclusion in the segment is very low. The World Investor Week [...]
Jesons Industries, a manufacturer of speciality coating emulsions, has filed preliminary papers with capital markets regulator Sebi to raise an estimated Rs 800-900 crore through an initial share sale. The shares of the company are proposed to be listed on NSE and BSE. Jesons Industries is one of the leading manufacturers of speciality coating emulsions [...]
State-owned Punjab National Bank on Thursday said it has raised Rs 1,919 crore by issuing Basel compliant bonds. It has issued a total of 1,919 bonds under the issue. Basel III is an international regulatory accord that introduced a set of reforms designed to mitigate risk within the international banking sector, by requiring banks to [...]
Swiss brokerage UBS Securities has revised upwards its growth forecast for the current fiscal to 9.5 per cent from 8.9 per cent in September, Citing faster-than-expected recovery, rising consumer confidence and the resultant spending spike. They also see the economy clipping at 7.7 per cent in FY23 but moderating to 6 per cent in FY24, [...]
Moody’s Investors Service on Wednesday said that Tata Motors’ pact with private equity firm TPG is ‘credit positive’, as it will help the automaker to scale up its electric vehicle business. Last month, Tata Motors announced that it will raise USD 1 billion in its passenger electric vehicle (EV) business from TPG Rise Climate. Tata [...]
